• India Aims to Raise Its Share in Global Supply Chain: Modi
• Indian, Chinese Troops Pull Back Near Site of Deadly Clash
• Indian Consumers Downbeat on Economic Prospects: RBI Survey
• India Eases Lock-In Rules for Founder, VC Holdings as IPOs Boom
• Tesla’s Call for India Tax Cut Wins Backers in Mahindra, Hyundai
o ‘Any cut in duties will help markets,’: Mahindra CEO Shah
• Amazon Wins Court Battle Over Ambani’s $3.4 Billion Retail Deal
o India court says a Singapore arbitrator’s decision is binding
• Hindalco Posts Record Quarterly Profit as Global Demand Jumps
• Bank of Baroda Profit Beats Estimates on Lower Interest Expenses
• Twitter Says Has Appointed Officials to Comply With India Rules
• ADB Approves $300m Loan as Addl Support for India Rural Roads
• India Forex Reserves Rise $9.4b to $620.6b in Week to July 30
o India Official Reserves Rise to Record in July
• India Once Again Rejects Bids for Benchmark Bond as Yields Surge
o 5-year bonds fall as RBI tightens cash, raises CPI forecast
• Global Funds Sell Net INR693.2m of India Stocks on Aug. 6: NSE
o Domestic funds sell net 6.31b rupees of stocks
• Foreign Investors Sell Net INR5.43B of Indian Equities on Aug. 5
• Foreigners Sell Net INR23.9B of Indian Equity Derivatives Aug. 6
• Aarti Industries (ARTO): 1Q net income 1.65b rupees vs. 818.6m y/y, beats est. 1.46b
• Adani Enterprises (ADE): Forms unit Noida Data Center Ltd.
• Affle India (AFFLE): 1Q net income 358.9m rupees vs. 187.7 rupees y/y
• APL Apollo Tubes (APAT): To give one free share for each held
• Astral (ASTRA): 1Q net income 739m rupees vs. 199m y/y, est. 831.3m
• Axis Bank (AXSB): Has INR6.48b exposure to Future group companies
• Balkrishna Industries (BIL): 1Q net income 3.31b rupees vs. 1.22b y/y, est. 3.29b
• Bank of Baroda (BOB): 1Q net income 12.1b rupees vs. loss 8.64b y/y, est. 9.90b, Provisions 41.1b; Gross NPA 8.86% vs. 8.87% q/q
• Bharat Electronics (BHE): 1Q net income 111.5m rupees vs. 541.3m y/y; revenue -2.4% y/y to 16.3b, est. 24.90b
• City Union Bank (CUBK): 1Q net income +10% y/y to 1.7b rupees, est. 1.22b
• DCB Bank (DCBB): 1Q net income -57% y/y to 337.6m rupees, est. 748.8m; Gross NPA 4.87% vs. 4.09% q/q
• Dish TV (DITV): Yes Bank invoked pledge on 24.19% stake in Dish TV
• Divi’s Labs (DIVI): 1Q net income +13% y/y to 5.57b rupees, est. 5.82b; revenue +13% y/y to 19.6b
• Grasim (GRASIM): CCI says no new penalty put on Grasim as INR3.02b already imposed; Abused dominant state in supply of VSF to spinners
• Karnataka Bank (KBL): Gets empaneled by RBI for govt businesses
• National Aluminium (NACL): 1Q net income 3.48b rupees vs. 166.3m rupees y/y, est. 4.41b
• Phoenix Mills (PHNX): 1Q net loss 262m rupees, est. loss 189.3m
• SpiceJet (SJET): Has INR1.42B of claims against Airports Authority
• Steel Authority (SAIL): 1Q net income 38.5b rupees vs. loss 12.70b y/y, beats est. 36.20b
• Suzlon Energy (SUEL): To Considerup to INR10b securities issue Aug. 13
• Tata Power (TPWR): 1Q net income +89% y/y to 3.91b rupees, est. 3.47b; revenue +55% y/y to 99.7b
• Torrent Power (TPW): 1Q net income -45% y/y to 2.07b rupees, est. 3.39b
• Ujjivan Small Finance (UJJIVANS): 1Q net loss 2.33b rupees vs. profit 546.5m y/y, est. profit 685.8m
• VRL Logistics (VRLL): 1Q net loss 60.4m rupees, est. loss 46.0m
• Zee Entertainment (Z): 1Q net income 2.14b rupees vs. 303.7m y/y, est. 2.16b;
By: via @AlliesFin Serve Stock Market
